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Ray Dolby, the inventor and engineer who founded Dolby Laboratories and pioneered noise-reducing and surround-sound technology widely used in the film and recording industries, has died in San Francisco at 80, the company announced Thursday.

Dolby had been living with Alzheimer's disease in recent years and was diagnosed in July with acute leukemia, the company said.

“Today we lost a friend, mentor and true visionary,” Dolby Laboratories President and Chief Executive Kevin Yeaman said in a statement. “Ray Dolby founded the company based on a commitment to creating value through innovation and an impassioned belief that if you invested in people and gave them the tools for success they would create great things. Ray’s ideals will continue to be a source of inspiration and motivation for us all.”